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Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier...

Question

Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier...

Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier is (Put only numbers in your answer; roun
Question 65 (1 point) If the reserve ratio is 13% the value of the money multiplier is (Put only numbers in your answer; round your answer to the nearest whole number... 0.5 or higher rounds up; everything else rounds down) Your Answer: Answer

Answers

The value of money multiplier is 1/ rr where rr = required reserve ratio

m = 1/13 = 0.07


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